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California stakeholders disagree on post-2020 price tiers, supply measures

Published 01:50 on April 20, 2018  /  Last updated at 01:58 on April 20, 2018  /  Americas, Canada, US  /  No Comments

Stakeholder comments on potential updates and revisions to California’s cap-and-trade programme after 2020 have revealed a rift over the levels at which the state should set its various price tiers and how it should address overallocation in the scheme.

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NA Markets: RGGI advances on limited buying as WCI prices stagnate

Published 00:33 on April 20, 2018  /  Last updated at 02:34 on April 20, 2018  /  Americas, Canada, US  /  No Comments

North American carbon markets were relatively low-key this week, with east coast prices moving up 3% on a brief surge of buying interest, while WCI prices stagnated amid a lack of interest in outright futures.

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World Bank announces new carbon pricing coalition co-chair, high-level competitiveness forum

Published 00:24 on April 20, 2018  /  Last updated at 00:24 on April 20, 2018  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, Climate Talks, EMEA, International, New Market Mechanisms, US  /  No Comments

The Carbon Pricing Leadership Coalition (CPLC) on Thursday named a new co-chair, while the group’s managing body the World Bank announced a high-level forum on carbon pricing and competitiveness amid the release of a report on decarbonising the global power and chemicals sectors.

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Lack of technical infrastructure hindering Ontario offset market investment, development

Published 18:16 on April 19, 2018  /  Last updated at 18:19 on April 19, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

A lack of technical infrastructure and guidance from the Ontario government regarding its compliance offset programme is holding up the first investment and project submissions, according to stakeholders.

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Nova Scotia cap-and-trade participants want auctions, more industry protection

Published 17:57 on April 19, 2018  /  Last updated at 02:39 on April 20, 2018  /  Americas, Canada  /  No Comments

Nova Scotia’s cap-and-trade programme should include auctions, while also providing for more industry protection and linkage opportunities, according to stakeholders.

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WRI: What’s changing as countries turn INDCs into NDCs? Five early insights

Published 13:53 on April 19, 2018  /  Last updated at 13:53 on April 19, 2018  /  Africa, Americas, Asia Pacific, Canada, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views  /  No Comments

Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.

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Global carbon pricing revenues up 45% in 2017 as spending choices differ -report

Published 11:42 on April 19, 2018  /  Last updated at 02:48 on April 20, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.

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ANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist

Published 01:39 on April 19, 2018  /  Last updated at 02:01 on April 19, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

Ontario and Quebec’s offset protocol development is back on track after a policy debate delayed around half of the 13 being designed, but concerns remain on the approach the provinces have decided to take.

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Economic and legal headache would follow doubtful Ontario exit from WCI -experts

Published 00:46 on April 19, 2018  /  Last updated at 00:55 on April 19, 2018  /  Americas, Canada, US  /  No Comments

Although stakeholders believe that Ontario is unlikely to abandon its cap-and-trade programme should the Progressive Conservatives (PC) win the upcoming June provincial election, an exit from the WCI market could yield multiple economic and legal problems.

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RGGI to conduct second auction of 2018 on June 13

Published 17:21 on April 17, 2018  /  Last updated at 17:21 on April 17, 2018  /  Americas, US  /  No Comments

RGGI will hold its second allowance auction of the year on June 13, following March’s sold-out auction that featured a near two-year high in compliance-oriented purchasing.

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